Riyadh – Mubasher: The Saudi Paper Manufacturing Company on Sunday announced the results of the rump offering and the final allocation of the company’s rights issue shares, with a 433.1% coverage.

A total of 596,414 shares have been sold at SAR 32.464 million at an average share price of SAR 54.43, according to a bourse disclosure.

On 27 December, Saudi Paper said a total of 9.403 million shares from the new offered shares have been subscribed at a value of SAR 94 million.